Asset Classes

Merrill Lynch launches collaterised debt obligations for foreign exchange

Merrill Lynch has announced that it is set to launch the first FX CDO (collaterised debt obligation) or CFXO (collateralised FX obligation), an investment product designed to apply the CDO technology commonly used within the credit world to foreign exchange as an underlying asset class. The CFXO will be managed by Credit Agricole Asset Management (CAAM) and rated by S&P.

EDM Council completes data quality metrics pilot

The EDM Council has successfully completed its first data quality metrics pilot designed to help financial institutions create a fact- based data quality baseline in support of the business case for i

Misys to unveil Opics Plus at ACI World Congress

New complex options coverage and enhanced risk management for banks will be unveiled by Misys at this year’s ACI World Congress in Montreal, Canada, to coincide with the latest release of Misys Opic

North American revenues up 70% for Orc Software

Orc Software, a technology provider for advanced trading, market making and brokerage, has announced significantly greater market demand in North America for Orc Software's advanced futures and options trading applications, and the CameronFIX connectivity products.

Trading begins in ISE FX Options

The International Securities Exchange (ISE) has launched trading in ISE FX Options. Four currency pairs began trading on 17 April on ISE’s options exchange: US dollar/euro (symbol: EUI), US dollar/British pound (symbol: BPX), US dollar/Japanese yen (symbol: YUK), and US dollar/Canadian dollar (Symbol: CDD). All four options classes traded with an aggregate volume of 101 contracts.